Financial News: Page 171
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TJX profits dip as Q4 sales and traffic surge
The off-price retailer is poised to maintain its leadership position in a segment that is defying current retail imperatives.
By Daphne Howland • Feb. 27, 2019 -
Best Buy's Q4 revenue beats estimates, shares rise
The retailer performed well both in-store and online, with e-commerce representing 21.9% of all revenue.
By Dan O'Shea • Feb. 27, 2019 -
Adore Me eyes sales bump with Belabumbum acquisition
The lingerie startup hopes the nearly 20-year-old maternity intimates and apparel brand will bring category expertise and new customers.
By Corinne Ruff • Feb. 27, 2019 -
Services fuel Office Depot growth
Even the company's retail division is moving away from just selling office supplies.
By Daphne Howland • Feb. 27, 2019 -
'Exceptional' $1.6B charge pushes Lowe's into the red
The home improvement retailer has more to do to catch up to main rival The Home Depot.
By Caroline Jansen • Feb. 27, 2019 -
Walmart unveils plan to reduce plastic packaging waste
The retailer is setting big goals, including one to achieve zero plastic waste, by partnering with suppliers on sustainability efforts.
By Kaarin Moore • Feb. 27, 2019 -
NPR: Walmart's elimination of greeters is impacting workers with disabilities
A pilot program that began two years ago has been transitioning the position into a "customer host" role. That job description now lists many duties not easily performed by some persons with disabilities.
By Corinne Ruff • Feb. 27, 2019 -
HBC will replace department store chief
Alison Coville is stepping down next month, and whoever replaces her must forge new relevance for centuries-old Hudson's Bay Co.
By Daphne Howland • Feb. 27, 2019 -
ThirdLove clasps fresh $55M in funding
The new funding will go toward expanding sizes, styles, product offerings and fit technologies, the company says.
By Corinne Ruff • Feb. 27, 2019 -
Macy's to cut roughly 100 executive jobs
The department store beat expectations, but a cost-saving initiative will slash jobs in favor of investing in the supply chain, inventory management and customer acquisition.
By Corinne Ruff • Feb. 26, 2019 -
Home Depot misses estimates despite 10.9% sales increase
Although the retailer's 53-week fiscal 2018 inflated sales numbers, comp sales, which don't account for the extra week, also indicated strong performance.
By Caroline Jansen • Feb. 26, 2019 -
Foot Locker throws $12M into kids apparel startup
Rockets of Awesome will open shop-in-shops within Kids Foot Locker stores and sell on its website. It's the retailer's second investment in a children's startup this year.
By Cara Salpini • Feb. 26, 2019 -
Etsy welcomes more buyers and sellers
The marketplace is recovering its reputation as a place to find unique items, and sales are exploding.
By Daphne Howland • Feb. 26, 2019 -
Global adaptive apparel market on pace to hit $349.9B
The apparel needs of millions of people worldwide living with a disability, chronic health condition or ongoing medical treatments represent an underserved market.
By Daphne Howland • Feb. 26, 2019 -
Target courts 3rd-party sellers with invite-only launch
The mass merchant is reaching out to brands for a curated initiative dubbed Target +, which is "in its earliest stages," the company said Monday.
By Corinne Ruff • Feb. 25, 2019 -
Target tries on inclusive lingerie lines
The mass merchant's private label portfolio is adding three brands focused on comfort, price and inclusive sizing.
By Corinne Ruff • Feb. 25, 2019 -
Anthropologie to launch plus sizes
The new line, "APlus," will be sold online and in some stores, as are its petite sizes.
By Daphne Howland • Updated Feb. 26, 2019 -
Home Depot backs crowdsourced delivery startup Roadie
The gig-based "on-the-way" model allows retailers to flex up and down their delivery capacity as needed.
By Emma Cosgrove • Feb. 25, 2019 -
Walmart launches baby line with Kristen Bell, Dax Shepard
The natural products are priced to be accessible and could challenge Target and Brandless.
By Daphne Howland • Feb. 25, 2019 -
Unstable retail schedules are bad for workers' health
Stabilizing schedules at Gap boosted sales 7% and productivity 5%, according to a new study.
By Valerie Bolden-Barrett • Feb. 25, 2019 -
Levi Strauss appoints an artificial intelligence officer
The new title and role, and its home within the c-suite, reflect how much AI is now woven into a variety of retailer and brand initiatives.
By Dan O'Shea • Feb. 22, 2019 -
FedEx, Rent the Runway team up on 'extra hours' service
Fast fulfillment and shipping are especially crucial for a company with a business model built on rentals.
By Shefali Kapadia • Feb. 22, 2019 -
Wayfair loss widens despite record Q4 growth
As the home goods space gets more crowded, especially online, the company is focusing on supply chain improvements.
By Caroline Jansen • Feb. 22, 2019 -
Apple taps former Microsoft exec to lead smart home development
A well-known technology sector veteran and product entrepreneur appears to be working on the company's in-home voice efforts.
By Dan O'Shea • Feb. 22, 2019 -
Sears unveils new Craftsman line
When the retailer unloaded its iconic tool brand two years ago, it was widely seen as a sign of its desperation.
By Daphne Howland • Feb. 22, 2019